John Cornelius (Golf) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04485527 (England and Wales)

JOHN CORNELIUS (GOLF) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2015

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

J A Cornelius

SECRETARY:

J A Cornelius

REGISTERED OFFICE:

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

REGISTERED NUMBER:

04485527 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of John Cornelius (Golf) Limited for the year ended 30th September 2015 which comprise the Profit and Loss Account,

the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of John Cornelius (Golf) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Cornelius (Golf) Limited and state those matters that we have agreed to state to the director of John Cornelius (Golf) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that John Cornelius (Golf) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Cornelius (Golf) Limited. You consider that John Cornelius (Golf) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Cornelius (Golf) Limited. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the statutory financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

23rd February 2016

FIXED ASSETS

Tangible assets

2

771

9,739

CURRENT ASSETS

Stocks

24,268

25,283

Debtors

7,731

3,010

Cash at bank and in hand

5,385

3,933

37,384

32,226

CREDITORS

Amounts falling due within one year

32,730

35,916

NET CURRENT ASSETS/(LIABILITIES)

4,654

(3,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,425

6,049

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

5,424

6,048

SHAREHOLDERS' FUNDS

5,425

6,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23rd February 2016 and were signed by:

J A Cornelius - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Shop Fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

19,547

Disposals

(15,991

)

At 30th September 2015

3,556

DEPRECIATION

At 1st October 2014

9,808

Charge for year

658

Eliminated on disposal

(7,681

)

At 30th September 2015

2,785

NET BOOK VALUE

At 30th September 2015

771

At 30th September 2014

9,739

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

1

Ordinary

£1

1

1